Waste Management, Inc. $WM Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Waste Management, Inc. (NYSE:WM) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,207,477 shares of the business services provider’s stock after buying an additional 166,458 shares during the period. Deutsche Bank AG’s holdings in Waste Management were worth $492,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp grew its position in shares of Waste Management by 1.6% in the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock valued at $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Waste Management by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after purchasing an additional 117,476 shares in the last quarter. Norges Bank acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $1,022,916,000. Finally, Northern Trust Corp lifted its position in Waste Management by 0.3% during the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after buying an additional 11,688 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider – August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WM shares. Scotiabank upped their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Royal Bank Of Canada upped their price objective on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Barclays raised their price objective on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Wells Fargo & Company decreased their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Stifel Nicolaus increased their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Price Performance

NYSE:WM opened at $225.05 on Thursday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The stock’s fifty day moving average is $227.84 and its two-hundred day moving average is $227.77. The company has a market capitalization of $89.95 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.75 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.92 EPS. Equities analysts expect that Waste Management, Inc. will post 8.14 EPS for the current year.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.